How big is the vetiver oil market?

The global vetiver oil market size was estimated at USD 43.0 billion in 2019 and is expected to reach USD 44.3 billion in 2020.

What is the vetiver oil market growth?

The global vetiver oil market is expected to grow at a compound annual growth rate of 9.0% from 2019 to 2025 to reach USD 71.1 billion by 2025.

Which segment accounted for the largest vetiver oil market share?

Personal care dominated the vetiver oil market with a share of 57.9% in 2019. This is attributable to the rising demand for the product in the beautifying of hair and skin, perfumery makeup, and color cosmetics.

Who are the key players in vetiver oil market?

Some key players operating in the vetiver oil market include Aromatic Herbals Private Limited, Unicode S.A, Frager SA, Manohar Botanical Extracts Pvt. Ltd., Rajkeerth Aromatics and Biotech Pvt. Ltd., Imperial Extracts, and Amphora Aromatics Ltd.

What are the factors driving the vetiver oil market?

Key factors that are driving the market growth include mounting demand for flavor and fragrances by end-use industries such as personal care and cosmetics, perfumery, and food and beverage